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$485,000 -$5,000 (-1.02%) Price Reduced

  • For Sale
  • Active
  • Multi-Family
  • 2 Units
  • 0.19 Acres
  • 2 Car Garage
  • Updated 4 days ago
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37 Water Street- a well-maintained, thoughtfully renovated property set on a quiet corner lot with a stunning view of the Mascoma River. This charming duplex has exceptional access to everything Lebanon has to offer. Storrs Hill, the Lebanon Green, and numerous shops and restaurants are all within walking distance, making daily errands, recreation, and dining out incredibly convenient. Inside, you'll find hardwood floors, granite countertops, and bright, inviting spaces. The current owner has meticulously cared for the home, including a complete renovation of the second-floor unit, giving it a fresh, modern feel while preserving the property's character. A generously sized two-car garage provides ample storage, ideal for vehicles, outdoor gear, or a workshop. Whether you're looking for an investment opportunity or the option to live in one unit while renting the other, this property offers outstanding value in one of Lebanon's most desirable locations. Enjoy river views, walkability, and the ease of move-in ready living. Schedule a showing today to see this wonderful multifamily in person.

Full Property Details for 37 Water St

General

  • Price: $485,000
  • Taxes: $7,000 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: PrimeMLS
  • MLS ID: 5069829
  • Updated: 1/13/2026
  • Added to Site: 61 day(s) ago

Rental Information

  • Lease Terms: Unit1=Month to Month, Unit2=Annual,

Interior

  • Flooring: Hardwood, Laminate

Exterior

  • Color: White

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Parking: Assigned, Driveway, Garage, Off Street

Location

  • County: Grafton
  • Driving Directions: Use GPS.

School Information

  • School District: Lebanon Sch District SAU #88
  • Elementary School: Hanover Street School
  • Middle School: Lebanon Middle School
  • High School: Lebanon High School

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Propane, Forced Air
  • Furnaces: 2
  • Water Heaters: 2

Utilities

  • Sewer: Public
  • Separate Meters: Yes
  • # Gas Meters: 2
  • # Electric Meters: 2

Structural Information

  • Construction Status: Existing
  • Basement: Yes
  • Basement Entrance: Interior
  • Basement Desc.: Crawlspace, Dirt Floor, Interior Stairs
  • Roof: Standing Seam
  • Stories/Levels: 2
  • Finished Total: 1,761 Sq. Ft.
  • Finished Above Grnd: 1,761 Sq. Ft.
  • Year Built: 1910

Unit Information

  • 2 Bedroom Units: 2
  • Units w/Refrigerators: 2
  • Units w/Range/Oven: 2

Unit 1

  • Level: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 2

  • Total Bathrooms: 1
  • Bedrooms: 2

Lot Features

  • Lot Size (Acres): 0.19
  • Lot Size (Sq. Ft.): 8,276
  • Frontage: Yes Road Frontage
  • Frontage Feet: 177
  • Driveway/Sidewalk: Gravel
  • Zoning: R2

Water Features

  • Water View: Yes
  • Water Front Type: River
  • Water Front Name: Mascoma River

Financial Considerations

  • Price Per Sq. Ft.: $275.41
  • Tax Amount: $7,000
  • Tax Year: 2024

Disclosures and Reports

  • Block: 87
  • Lot Number: 100

Listed by BHHS Verani Upper Valley, Carter Auch

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Listed by BHHS Verani Upper Valley, Carter Auch

Listing agent

— 37 Water St —

  • Carter Auch

    BHHS Verani Upper Valley

Cell: 603-443-0257

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 37 Water St

School District:Lebanon School District
NameGradesDistance
Lebanon Middle School
3 Moulton Avenue, Lebanon, NH 03766
7-81.2 mi
Lebanon High School
195 Hanover Street, Lebanon, NH 03766
9-120.9 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 37 Water St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/13/2026
Price Reduced
$485,000
-1.02%
MLS
11/17/2025
Listed
$490,000
118.75%
MLS
7/26/2019
Sold
$224,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 37 Water St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$7,001
8%
$266,400
—
2023
$6,468
3%
$266,400
-3%
2022
$6,297
22%
$273,300
43%
2021
$5,161
-4%
$191,300
8%
2019
$5,379
2%
$177,100
-1%
2018
$5,299
2%
$178,300
—
2017
$5,185
3%
$178,300
—
2016
$5,016
2%
$178,300
—
2015
$4,923
2%
$178,300
-3%
2014
$4,805
-4%
$182,900
-7%
2013
$4,997
—
$195,900
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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with our affiliated lender
NMLS#: 1598647

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Listed by BHHS Verani Upper Valley, Carter Auch

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37 Water Street, Lebanon, NH 03766 (MLS# 5069829) is a Multi-Family property with 2 units containing 0 bedrooms and 0 full bathrooms. 37 Water Street is currently listed for $485,000 and was received on November 17, 2025. Want to learn more about 37 Water Street? Do you have questions about finding other Multi-Family real estate for sale in Lebanon? You can browse all Lebanon real estate or contact a Coldwell Banker agent to request more information.

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